Filigran Secures $35M Series B Funding to Propel Global Expansion and Cybersecurity Innovation

PARIS, Oct. 28, 2024 /PRNewswire/ – In a significant development for the European cybertech landscape, Filigran has successfully completed a $35 million Series B funding round, led by global software investor Insight Partners. This funding round, which also saw continued support from existing investors Accel and Moonfire, comes just months after the company raised $16 million in its Series A funding. The rapid succession of these funding rounds highlights Filigran’s impressive growth trajectory and its commitment to expanding its global footprint while accelerating product innovation.

A Visionary Approach to Cyber Threat Management

Founded in 2022 by Samuel Hassine and Julien Richard, Filigran is on a mission to revolutionize proactive cyber threat anticipation. The company has developed open-source platforms, OpenCTI and OpenBAS, which are integral components of its unified eXtended Threat Management (XTM) suite. This innovative suite empowers organizations to understand their threat environments, anticipate and detect incidents, reduce response times, stress-test critical infrastructure, and design sustainable long-term cybersecurity strategies.

Filigran’s solutions have garnered attention from a diverse array of international clients, including industry giants such as Airbus, Marriott, Thales, Hermès, Rivian, and Bouygues Telecom. The company also serves various public sector entities, including the European Commission, the FBI, New York City Cyber Command, and multiple federal agencies in the U.S. and Australia, as well as the Netherlands National Police Corps and several European ministries.

Fueling Global Expansion and Product Innovation

The completion of the Series B funding round marks a pivotal milestone in Filigran’s growth journey. "Securing this Series B investment is a testament to the tremendous progress Filigran has made in a short time," stated CEO Samuel Hassine. "Our mission is to make threat intelligence accessible and actionable for all organizations. With this new funding, we’re poised to continue that mission on an even larger scale, driving innovation and expanding our reach across key global markets."

The funding will primarily be directed towards enhancing Filigran’s global expansion efforts, particularly in the United States and the Pacific region. Additionally, it will support ongoing product innovation, with a strong focus on artificial intelligence (AI) and data engineering use cases.

Transforming Threat Intelligence

Filigran’s open-source approach has fostered a thriving community of over 4,300 cybersecurity professionals and active contributors. This collaborative environment is redefining standards in cyber threat management. The XTM suite integrates powerful platforms such as OpenCTI, which structures and operationalizes holistic threat intelligence, and OpenBAS, an adversary emulation and security validation solution that leverages real-time threat data to identify security gaps. Together, these solutions provide organizations with a unified view of potential risks, enabling them to strengthen their cybersecurity posture.

The Series B funding will also facilitate the development of additional XTM solutions, enhancing threat management capabilities with streamlined threat-driven risk assessment and deception technologies. These advancements will further enrich the XTM suite, offering a comprehensive, end-to-end approach to threat management that empowers organizations to proactively address emerging cyber threats with greater efficiency and precision.

Leadership with Expertise

Filigran’s leadership team brings a wealth of experience to the table. Samuel Hassine, with over 15 years in cyber threat intelligence and crisis management, previously served as the Director of Security Strategy at Tanium and led Threat and Risk Analysis at ANSSI. Co-founder Julien Richard boasts over 20 years of experience managing product and engineering teams, having held positions such as Vice-President of Engineering at YOOI and Director of Engineering at Axway.

About Filigran

Founded in October 2022, Filigran is distinguished in the cybertech ecosystem for its commitment to revolutionizing end-to-end cyber threat management. The company aims to develop proactive open-source solutions that empower cybersecurity teams to anticipate attacks and effectively manage their cyber threat environments and associated risks. Today, Filigran’s solutions are utilized by over 6,000 public and private organizations worldwide.

About Insight Partners

Insight Partners is a leading global software investor that partners with high-growth technology, software, and Internet startups and ScaleUp companies driving transformative change in their industries. As of June 30, 2024, the firm manages over $80 billion in regulatory assets and has invested in more than 800 companies globally, with over 55 portfolio companies achieving an IPO. Headquartered in New York City, Insight Partners has offices in London, Tel Aviv, and the Bay Area, and is dedicated to supporting visionary executives throughout their growth journey.

Conclusion

Filigran’s recent funding round not only underscores its rapid growth and innovative approach to cybersecurity but also positions the company for significant global expansion. As cyber threats continue to evolve, Filigran’s commitment to making threat intelligence accessible and actionable will be crucial in helping organizations navigate the complex landscape of cybersecurity. With a robust leadership team and a strong community backing its open-source initiatives, Filigran is poised to lead the charge in redefining how organizations manage and respond to cyber threats.